Why Goldman’s Greg Smith’s Critique Is Way Too Narrow

goldman sachs muppets

Robert Reich: If you took the greed out of Wall Street all you’d have left is pavement. The problem is endemic abuse of power and trust.

California AG Kamala Harris Standing Firm Against Foreclosure Settlement

kamala harris

Sharon Kyle: Kamala Harris standing firm on decision to reject bank settlement that could garner the state $15 billion but would release bank liability.

Why Obama Should Break Up Big Banks

obama staff gardem

Robert Reich: What better way for Obama to distinguish himself from Romney than to condemn Wall Street’s antics since the bailout, and call for real reform?

Occupy Wall Street’s “Gullible” and “Unsophisticated” Protesters

wall street okotoberfest

Joseph Palermo: Prosperity never “trickles down.” And people are finally catching on. The housing bubble went too far. It destroyed too many lives and livelihoods to go unquestioned and unpunished, as Wall Street (and Washington) would like it.

The Public Banking Option: The German Model

BANK OF NORTH DAKOTA

Ellen Brown: Publicly-owned banks were instrumental in funding Germany’s “economic miracle” after the devastation of World War II. Although the German public banks have been targeted in the last decade for takedown by their private competitors, the model remains a viable alternative to the private profiteering being protested on Wall Street today.

Behind Europe’s Debt Crisis Lurks Another Giant Bailout of Wall Street

greece-economy-wide

Robert Reich: Republicans and Wall Street executives who continue to yell about Dodd-Frank overkill are dead wrong. The fact no one seems to know Morgan’s exposure to European banks or derivatives – or that of most other giant Wall Street banks – shows Dodd-Frank didn’t go nearly far enough.

Jamie Dimon’s Bizarre Idea About Why Recovery Stalled

jamie dimon

Robert Reich: According to JPMorgan Chase CEO Jamie Dimon, the recovery has stalled because of strict banking regulation. I’m not making this up.

The Four Most Dangerous Words To Your Portfolio

woman saving money

Manisha Thakor: “How Should I Invest?” are the four most dangerous words to your portfolio. The answer to that question is often given as if one size fits all, when it’s anything but. To protect yourself, here are 5 things to think about to make sure your hard earned money is invested in a way that is appropriate for your specific situation.

The Shameful Attack on Public Employees

Rev. Martin Luther King Jr., with Memphis sanitation workers.

Robert Reich: Public servants are convenient scapegoats. Republicans would rather deflect attention from corporate executive pay that continues to rise as corporate profits soar, even as corporations refuse to hire more workers.

Wall Street’s Global Race to the Bottom

Robert Reich: So the race to the bottom is now official. Wall Street will set up its casino wherever financial gambling is least regulated.

Slash Social Security? No – Double It

ss check

Steven Hill: Social Security Plus would provide a stable, secure retirement for every American and contribute greatly toward a solid foundation from which to build a strong and vibrant 21st century U.S. economy.

Los Angeles Launches Nation’s First Israel Divestment Campaign

Jonathan Ben Artzi

Linda Milazzo: Many Americans, myself included, feel a sense of guilt at being unwitting pawns in Israel’s forty-year occupation and systematic torture, deprivation, and dare I say, ethnic cleansing of Palestinians. Many Americans are further incensed that our legislators have voted annually to award Israel, a wealthy and thriving nation, 3 billion of our tax dollars which go directly into its military.

New Finance Bill: Mountain of Legislative Paper, Molehill of Reform

Lloyd Blankein, Goldman Sachs

Robert Reich: The American people will continue to have to foot the bill for the mistakes of Wall Street’s biggest banks because the legislation does nothing to diminish the economic and political power of these giants.

Stock Ownership: Theory vs. Reality

Money

Ron Wolff: I can’t help wondering how much more I (and millions of other Americans) could be earning from our stock portfolios if the billions of dollars paid in executive compensation (based on rationale that is marginal at best) were distributed to the shareholders.

The Mini Depression and the Maximum-Strength Remedy

by Robert Reich – This is not the Great Depression of the 1930s, but nor is it turning out to be merely a bad recession of the kind we’ve experienced periodically over the last half century. Call it a Mini Depression.

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